#firstdealofthenewyearastylz The economic impact of climate change policies is a complex and multifaceted issue. On one hand, the cost of implementing climate change policies can be significant, with estimates suggesting that it could cost the US economy around $520 billion each year if global temperatures rise by 4.5°C by 2100 ¹. This cost can be broken down into various sectors, including *_Agriculture_*, where climate change can lead to crop losses and reduced yields, *_Infrastructure_*, where sea level rise and extreme weather events can damage critical infrastructure, and *_Human Health_*, where increased temperatures and extreme weather events can lead to heat-related illnesses and deaths. On the other hand, the cost of not implementing climate change policies can be even higher, with estimates suggesting that it could cost the global economy around $1.5 trillion by 2050 ². This is because climate change can have a significant impact on economic productivity, with increased temperatures and extreme weather events leading to reduced worker productivity, increased mortality, and decreased economic output. In terms of specific policies, *_Carbon Pricing_* is one of the most effective ways to reduce greenhouse gas emissions and mitigate the economic impacts of climate change. By putting a price on carbon, governments can create a financial incentive for companies and individuals to reduce their emissions and invest in clean energy technologies. *_Renewable Energy Subsidies_* are another important policy tool, as they can help to drive the adoption of clean energy technologies and reduce our reliance on fossil fuels. Overall, the economic impact of climate change policies is a complex issue that requires a nuanced and multifaceted approach. While there are costs associated with implementing these policies, the benefits of reducing greenhouse gas emissions and mitigating the impacts of climate change far outweigh the costs ¹ ².